Amphibious Vehicle Market to grow by USD 1.5 Bn; High demand expected from defense sector -- Technavio

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Oct 24, 2022, 10:01 ET

NEW YORK, Oct. 24, 2022 /PRNewswire/ -- The "Amphibious Vehicle Market by End-user and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 1.5 billion, accelerating at a CAGR of 8.75% between 2021 and 2026. The market is expected to witness high demand for amphibious vehicles from the military sector during the forecast period. Increased investments in the defense sector globally will create several growth opportunities for amphibious vehicle manufacturers over the forecast period. Discover market potential and make informed business decisions based on qualitative and quantitative evidence highlighted exclusively in this market study. Purchase Full Report Now

Technavio has announced its latest market research report titled Global Amphibious Vehicle Market 2022-2026

Amphibious Vehicle Market 2022-2026: Vendor Landscape

The global amphibious vehicle market is fragmented and is characterized by the presence of well-diversified international and regional players. International players occupy a major share of the global amphibious vehicle market. These players are focusing on increasing their presence in many regions by expanding their customer base and investing in R&D. The competitive environment in the global amphibious vehicle market is expected to intensify further with the increase in demand for amphibious vehicles with advances in technology and government regulations. OEMs are expected to enter long-term collaborations with the vendors. Many top vendors have joined hands with local manufacturers to grab the market share of the high-potential amphibious vehicle market in developing countries such as China and India.

Technavio identifies BAE Systems Plc, Bland Group UK Holdings Ltd., DAT BV, EIK Engineering SDN BHD, General Dynamics Corp., Hanjin Heavy Industries and Construction Holdings Co. Ltd., Hitachi Construction Machinery Co. Ltd., Hydratrek Inc., Lockheed Martin Corp., Marsh Buggies Inc., Remu Oy, Rheinmetall AG, Ultratrek Machinery SDN BHD, Water car, Wetland Equipment Co., Wilco Manufacturing LLC, and Wilson Marsh Equipment Inc. as some of the major market participants.

The market is driven by the upgrade of defense capabilities to counter emerging security threats. However, defense budget cuts affecting procurement patterns might hamper the market growth. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Understand how the purchase of the report can have a direct impact on your revenue. Download Free Sample Report

Amphibious Vehicle Market 2022-2026: Segmentation

The global amphibious vehicle market is segmented as below:

End-user

Defense
Commercial

The use of amphibious vehicles for defense purposes is frequently referred to as amphibious combat vehicles (ACVs) or amphibious military vehicles. These vehicles exhibit the ideal balance between land and marine mobility, survivability, and the possibility for future growth. During the forecast period, the adoption of these vehicles in the defense sector is expected to increase with an increase in defense budgets by major countries such as the US, India, China, and the UK.

Geography

North America
APAC
Europe
The Middle East and Africa
South America

APAC will emerge as the dominant market, occupying 29% of the global market share. The upgrading of defense capabilities to counter emerging security threats is driving the growth of the regional market. China and India are the key markets for amphibious vehicles in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The amphibious vehicle market report covers the following areas:

Amphibious Vehicle Market 2022-2026: Key Highlights

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist amphibious vehicle market growth during the next five years
Estimation of the amphibious vehicle market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the amphibious vehicle market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of amphibious vehicle market vendors

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Amphibious Vehicle Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 8.75%
Market growth 2022-2026	USD 1.5 billion
Market structure	Fragmented
YoY growth (%)	7.67
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 29%
Key consumer countries	US, China, India, Germany, and France
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	BAE Systems Plc, Bland Group UK Holdings Ltd., DAT BV, EIK Engineering SDN BHD, General Dynamics Corp., Hanjin Heavy Industries and Construction Holdings Co. Ltd., Hitachi Construction Machinery Co. Ltd., Hydratrek Inc., Lockheed Martin Corp., Marsh Buggies Inc., Remu Oy, Rheinmetall AG, Ultratrek Machinery SDN BHD, Water car, Wetland Equipment Co., Wilco Manufacturing LLC, and Wilson Marsh Equipment Inc.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments

Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user

Exhibit 26: Chart on Comparison by End-user
Exhibit 27: Data Table on Comparison by End-user

5.3 Defense - Market size and forecast 2021-2026

Exhibit 28: Chart on Defense - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Defense - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Defense - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Defense - Year-over-year growth 2021-2026 (%)

5.4 Commercial - Market size and forecast 2021-2026

Exhibit 32: Chart on Commercial - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Commercial - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Commercial - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Commercial - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by End-user

Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026

Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 APAC - Market size and forecast 2021-2026

Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026

Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026

Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026

Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026

Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 India - Market size and forecast 2021-2026

Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)

7.12 France - Market size and forecast 2021-2026

Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 85: Overview on factors of disruption

9.4 Industry risks

Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 87: Vendors covered

10.2 Market positioning of vendors

Exhibit 88: Matrix on vendor position and classification

10.3 BAE Systems Plc

Exhibit 89: BAE Systems Plc - Overview
Exhibit 90: BAE Systems Plc - Business segments
Exhibit 91: BAE Systems Plc - Key offerings
Exhibit 92: BAE Systems Plc - Segment focus

10.4 Bland Group UK Holdings Ltd.

Exhibit 93: Bland Group UK Holdings Ltd. - Overview
Exhibit 94: Bland Group UK Holdings Ltd. - Product / Service
Exhibit 95: Bland Group UK Holdings Ltd. - Key offerings

10.5 EIK Engineering SDN BHD

Exhibit 96: EIK Engineering SDN BHD - Overview
Exhibit 97: EIK Engineering SDN BHD - Product / Service
Exhibit 98: EIK Engineering SDN BHD - Key offerings

10.6 General Dynamics Corp.

Exhibit 99: General Dynamics Corp. - Overview
Exhibit 100: General Dynamics Corp. - Business segments
Exhibit 101: General Dynamics Corp. - Key news
Exhibit 102: General Dynamics Corp. - Key offerings
Exhibit 103: General Dynamics Corp. - Segment focus

10.7 Hanjin Heavy Industries and Construction Holdings Co. Ltd.

Exhibit 104: Hanjin Heavy Industries and Construction Holdings Co. Ltd. - Overview
Exhibit 105: Hanjin Heavy Industries and Construction Holdings Co. Ltd. - Product / Service
Exhibit 106: Hanjin Heavy Industries and Construction Holdings Co. Ltd. - Key offerings

10.8 Hitachi Construction Machinery Co. Ltd.

Exhibit 107: Hitachi Construction Machinery Co. Ltd. - Overview
Exhibit 108: Hitachi Construction Machinery Co. Ltd. - Product / Service
Exhibit 109: Hitachi Construction Machinery Co. Ltd. - Key offerings

10.9 Lockheed Martin Corp.

Exhibit 110: Lockheed Martin Corp. - Overview
Exhibit 111: Lockheed Martin Corp. - Business segments
Exhibit 112: Lockheed Martin Corp. - Key news
Exhibit 113: Lockheed Martin Corp. - Key offerings
Exhibit 114: Lockheed Martin Corp. - Segment focus

10.10 Marsh Buggies Inc.

Exhibit 115: Marsh Buggies Inc. - Overview
Exhibit 116: Marsh Buggies Inc. - Product / Service
Exhibit 117: Marsh Buggies Inc. - Key offerings

10.11 Wetland Equipment Co.

Exhibit 118: Wetland Equipment Co. - Overview
Exhibit 119: Wetland Equipment Co. - Product / Service
Exhibit 120: Wetland Equipment Co. - Key offerings

10.12 Wilco Manufacturing LLC

Exhibit 121: Wilco Manufacturing LLC - Overview
Exhibit 122: Wilco Manufacturing LLC - Product / Service
Exhibit 123: Wilco Manufacturing LLC - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 124: Inclusions checklist
Exhibit 125: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 126: Currency conversion rates for US$

11.4 Research methodology

Exhibit 127: Research methodology
Exhibit 128: Validation techniques employed for market sizing
Exhibit 129: Information sources

11.5 List of abbreviations

Exhibit 130: List of abbreviations

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